India's Richest People 2026 edition · 1 director · Source: Hurun India
- #941 Mayank Kejriwal & family ₹3,100 Cr
Escal Finance Services Ltd
Escal Finance Services Ltd - financial services in Kolkata, West Bengal, India. FY 2026 financials & compliance.
Active Public Limited Company financial services
Revenue · FY 2024
₹3.69 Lakh
▼ 82% YoY
Net profit · FY 2024
₹2.43 Lakh
Net margin 66%
EBITDA · FY 2024
₹3.04 Lakh
EBITDA margin 82.4%
Authorised capital
₹2.73 Cr
Registered with MCA
Paid-up capital
₹2.72 Cr
Issued & subscribed
Company age
39 yrs
Est. 1987
Directors on board
3
As per MCA filings
Last financials
Mar 2025
Balance sheet date
About Escal Finance Services Ltd
Data last updated:
Escal Finance Services Ltd is a public limited company based in Kolkata, West Bengal, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 25 August 1987 and has been in existence for over 39 years.
Its director Mayank Kejriwal and family are #941 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U65993WB1987PLC042889.
The company has an authorised share capital of ₹2.73 Cr and a paid-up capital of ₹2.72 Cr. It is led by directors including Manish Ramesh Bhat (Person Incharge) and Umang Kejriwal.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Kolkata, West Bengal.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.69 Lakh, a decline of 82% compared to the previous year. For the same year it recorded a net profit of ₹2.43 Lakh (net margin 66%) and EBITDA of ₹3.04 Lakh (EBITDA margin 82.4%). Revenue has declined at a compounded annual rate (CAGR) of 65% over three years and 17% over five years.
The company has 1 deal on record (1 rights issue); the latest was in March 2017. Its 10 peer companies in the BFSI industry (Finance, NBFC Investment and Credit Companies, Small Non Deposit NBFC) are compared by revenue, 5 larger and 5 smaller; the largest is Geerak Investment and Finance Private Limited with revenue of ₹3.71 Lakh.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U65993WB1987PLC042889
Registration Number 042889
Incorporation Date 25 August 1987
ROC Kolkata
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
CIN history
Escal Finance Services has one previous CIN (Corporate Identification Number): U65993WB1987PTC042889. The current CIN is U65993WB1987PLC042889, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65993WB1987PLC042889 | Current |
| U65993WB1987PTC042889 | Previous |
Recognitions & Rankings of Escal Finance Services
Contact details
Escal Finance Services Ltd's registered office is in Kolkata, West Bengal. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressRoom No 55 3rd Floor, Stephen House 4 B.B.D. Bag (East), Kolkata, West Bengal, India – 700001
- IndustryFinancial Services, Financial Activities
To see the full contact details of Escal Finance Services Ltd, buy the company report.
Comprehensive company report
Escal Finance Services Ltd - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Financials of Escal Finance Services Ltd
FY 2025 filings availableEscal Finance Services Ltd reported revenue of ₹3.69 Lakh (down 82% YoY) for FY 2024.
Revenue · FY 2024
₹3.69 Lakh ▼ 82%
Net profit · FY 2024
₹2.43 Lakh margin 66%
EBITDA · FY 2024
₹3.04 Lakh margin 82.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 82%
3 years · compounded
▲ 65%
5 years · compounded
▼ 17%
EBITDA CAGR growth
1 year
▼ 84%
3 years · compounded
▲ 146%
5 years · compounded
▼ 18%
Revenue has declined at a compounded annual rate (CAGR) of 17% over five years, including a 82% fall in the latest year. EBITDA fell 84% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹3.04 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.43 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 82.4% | ||||
| Net Profit Margin | 66% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Escal Finance Services Ltd, buy the company report.
Board of directors of Escal Finance Services Ltd
Escal Finance Services has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manish Ramesh Bhat Also directs: Global Exports Ltd, G. K. & Sons Pvt Ltd, Murari Investment & Trading Co Ltd and 5 more | Person Incharge | 03 Apr 2010 | 16 Years 6 Months | Current |
| Umang Kejriwal Also directs: Electrosteel Castings Ltd, Global Exports Ltd | Director | 25 Aug 1987 | 39 Years 2 Months | Current |
| Mayank Kejriwal | Director | 26 Feb 2010 | 16 Years 7 Months | Current |
Peer comparison
Escal Finance Services Ltd is compared with the 10 companies closest to it by revenue in the BFSI industry (Finance, NBFC Investment and Credit Companies, Small Non Deposit NBFC), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Geerak Investment and Finance Private Limited | ₹3.71 Lakh (FY 2024) | -3.0% | Hubli, Karnataka, India | |||
| Kartikchandra Finance Bombay Private Limited | ₹3.7 Lakh (FY 2025) | 2.0% | Mumbai, Maharashtra, India | |||
| Jade Leasing and Finance Co Private Limited | ₹3.69 Lakh (FY 2018) | 7.0% | New Delhi, Delhi, India | |||
| Snowtex Trexim Pvt Ltd | ₹3.69 Lakh (FY 2025) | -66.0% | Kolkata, West Bengal, India | |||
| Chordia Trade Credits Private Limited | ₹3.69 Lakh (FY 2025) | 0.0% | Kolkata, West Bengal, India | |||
| Escal Finance Services Ltdthis company | ₹3.69 Lakh (FY 2024) | ₹2.43 Lakh | 66% | -82.0% | Kolkata, West Bengal, India | |
| Easy Finance Private Limited | ₹3.69 Lakh (FY 2025) | 82.0% | Mumbai, Maharashtra, India | |||
| Rubion Marketing Private Limited | ₹3.68 Lakh (FY 2025) | -9.0% | New Delhi, Delhi, India | |||
| Enertech Engineers India Pvt Ltd | ₹3.68 Lakh (FY 2025) | -98.0% | Kolkata, West Bengal, India | |||
| Blue Diamond Constructions Ltd | ₹3.67 Lakh (FY 2025) | 0.0% | Kolkata, West Bengal, India | |||
| Sidharth Housing and Finance Private Limited | ₹3.66 Lakh (FY 2025) | 534.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Escal Finance Services Ltd, buy the company report.
Auditor
Escal Finance Services Ltd is audited by S. K. KANODIA & CO. for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S. K. KANODIA & CO. | FY 2017 | 314047E |
Shareholding
The shareholding of Escal Finance Services Ltd is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Escal Finance Services Ltd, buy the company report.
Deals & funding
Escal Finance Services Ltd has 1 deal on record (1 rights issue); the latest was in March 2017.
Total deals
1
Rights issue
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2017 | Rights issue | ₹1.51 Cr | Investors: Murari Investment & Trading Company Limited, Uttam Commercial Co Ltd , G. K. Investments Ltd |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Escal Finance Services Ltd are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Escal Finance Services Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Escal Finance Services Ltd; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Escal Finance Services Ltd has 7 board changes on record since 1987: 3 appointments and 4 cessations. The latest: Mayank Kejriwal ceased to be Additional Director on 30 Aug 2010.
AGM
Escal Finance Services Ltd last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Escal Finance Services Ltd has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Kolkata I.
Ceased
Mayank Kejriwal ceased to be Additional Director.
Appointed
Manish Ramesh Bhat was appointed as Person Incharge.
Appointed
Mayank Kejriwal was appointed as Director.
Ceased
Uddhav Kejriwal ceased to be Director.
Ceased
Manish Ramesh Bhat ceased to be Additional Director.
Ceased
Shermadevi Yegnaswami Rajagopalan ceased to be Director.
Appointed
Umang Kejriwal was appointed as Director.
Incorporation
25 Aug 1987
Escal Finance Services Ltd was registered on 25 Aug 1987 with Roc Kolkata I & aged 39 years 2 months as per MCA records.
Frequently asked questions
Escal Finance Services is an active public limited company based in Kolkata, West Bengal, India. The company works in financial activities, within the financial services industry. It was incorporated on 25 August 1987 (39+ years old) and is registered under CIN U65993WB1987PLC042889.
Escal Finance Services has 3 current directors:
- Umang Kejriwal - Director
- Mayank Kejriwal - Director
- Manish Ramesh Bhat - Person Incharge
The latest financial statements of Escal Finance Services on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Escal Finance Services is U65993WB1987PLC042889. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Escal Finance Services was incorporated on 25 August 1987, making it 39+ years old. It is registered with the Registrar of Companies, Kolkata.
Escal Finance Services has 1 deal on record (1 rights issue); the latest was in March 2017.
The peers of Escal Finance Services by revenue are Geerak Investment and Finance Private Limited, Kartikchandra Finance Bombay Private Limited, Jade Leasing and Finance Co Private Limited, Snowtex Trexim Pvt Ltd, Chordia Trade Credits Private Limited and 5 more, all in the BFSI industry (Finance, NBFC Investment and Credit Companies, Small Non Deposit NBFC).
Mayank Kejriwal ceased to be Additional Director on 30 Aug 2010. Manish Ramesh Bhat was appointed as Person Incharge on 03 Apr 2010. Mayank Kejriwal was appointed as Director on 26 Feb 2010. Escal Finance Services has 7 board changes on record in total.
The registered office of Escal Finance Services is at Room No 55 3rd Floor, Stephen House 4 B.B.D. Bag East, Kolkata, West Bengal, India – 700001.
Escal Finance Services operates in the financial services industry, in the financial activities segment.
The compliance status of Escal Finance Services is compliant as of 05 July 2026. The company is actively filing with the Registrar of Companies.